World & Politics
IEA Chief: US-China disagreement holds back clean energy development - 09/05/2023
Fatih Birol urged these nations to "unite to make progress on climate issues". The 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28), which will be held in Dubai from November 30 to December 12, could put an end to geopolitical differences between the US and China that are impeding the growth of sustainable energy, said Fatih Birol, Chief of the IEA, in an...
Japan allocates $140M to support fishermen after Fukushima water discharge - 09/05/2023
Increased local demand, sustainable seafood production, reputational costs mitigation, and assistance in locating new international markets are just a few of the support initiatives that will be implemented. The Japanese government will set aside 20.7 billion yen (more than $140 million) to aid the fishing sector, which is suffering losses as a result of the ban some nations, particularly China,...
Indonesia introduces golden visas to attract foreign investors - 09/04/2023
Indonesia is implementing a "golden visa" scheme to entice foreign business and individual investors and boost the local economy. The Jakarta Post newspaper published the news in relation to the declaration made by the Ministry of Justice and Human Rights. According to immigration official Silmy Karim, who was quoted in the newspaper, "the golden visa grants a long-term residence permit of five...
UK watchdog will pay for energy savings for the second winter in a row - 09/01/2023
According to a National Grid survey, 86% of families who previously participated in the program are open to signing up again for the upcoming winter season. Due to the anticipated heavy demand on the system this winter, National Grid, which runs Britain's integrated energy system, will award homeowners with cash for reducing their electricity usage, reports Reuters. It claims that approximately...
UK calls for re-vaccination due to new COVID-19 strain - 08/31/2023
Health authorities in the UK have suggested a new coronavirus re-vaccination program due to the new strain BA.2.86 of the coronavirus. According to the Financial Times, UK health authorities have suggested a new coronavirus re-vaccination program to combat the new BA.2.86 sub-variant. In particular, the UK's Health Safety Agency has suggested accelerating the fall vaccination campaign to begin...
FT: El Niño phenomenon will cause food inflation to rise in developing countries - 08/30/2023
The newspaper warned that it might also cause crucial interest rates to spike and then stay high for a while. Food and other items will cost significantly more in poor nations as a result of the El Niño natural phenomenon. According to analysts quoted in the Financial Times, this might lead to an increase in expectations of inflation and the long-term maintenance of high key rates. The...
Foxconn founder: I am ready to give my property to China to prevent war with Taiwan - 08/29/2023
According to Terry Gou, a million of the company's shareholders would also suffer if the company was seized. Terry Gou, the millionaire creator of one of the greatest electronics manufacturers in the world and the Taiwanese corporation Foxconn, stated that he is willing to turn over all of his property to the Chinese government if it is necessary to avoid war with Taiwan. He said this during a...
NYT: Group of investors sets to build a new city in California - 08/28/2023
Investment firm Flannery Associates is buying land in Solano County, northeast of San Francisco, and has already invested approximately $800 million there, writes the New York Times. According to The New York Times, investment firm Flannery Associates is planning to create a new city in the state of California. The corporation has already invested over $800 million and is currently buying large...
U.S. and India intend to settle WTO trade dispute soon - 08/28/2023
Trade representative for the United States Katherine Tai expressed hope that the dispute would be resolved soon. US Trade Negotiations Representative Katherine Tai and India's Minister of Commerce and Industry Piyush Goyal directed to resolve the dispute over agricultural supplies with the World Trade Organization (WTO) as soon as possible, reads s statement from Tai’s office. The letter states...
UN asks for urgent financial support for humanitarian operation in Congo - 08/23/2023
The initiative requires $728 million, according to Peter Musoko, head of the WFP office in the Democratic Republic of the Congo. The United Nations World Food Programme (WFP) urged governments, donors, and partner organizations to provide immediate support for its humanitarian operation in the Democratic Republic of the Congo. According to Peter Musoko, the head of WFP's office in the DRC, the...